ConAgra Foods Acquires Blake’s All Natural Foods
May 12 2015 - 4:30PM
Business Wire
ConAgra Foods, Inc., (NYSE: CAG) announced today that it has
acquired Blake’s All Natural Foods, a rapidly-growing, family-owned
company which makes natural and organic frozen meals, including pot
pies, casseroles, pasta dishes and other entrees.
Sean Connolly, ConAgra Foods’ chief executive officer, said, “We
are thrilled to have Blake’s All Natural Foods join ConAgra Foods.
Blake’s is a great addition to our existing frozen meals business
and provides more choices to a growing group of people buying
natural and organic foods. ConAgra Foods will help Blake’s grow and
offer its wholesome food to more people across the country.”
ConAgra Foods has a broad portfolio of brands in the frozen
foods aisle, including Alexia®, Healthy Choice®, Marie
Callender’s®, Banquet®, Kid Cuisine®, Bertolli®, Odom’s Tennessee
Pride® and P.F. Chang’s®.
“Blake’s is really excited to join the ConAgra Foods team as it
will allow us to build on the momentum we’ve created over several
years and continue to meet the growing demand for our meals,” said
Chris Licata, president and chief executive officer of Blake’s All
Natural Foods. “Natural and organic food has clearly earned a place
in American households, and we will continue to make the same meals
that the Blake family has made for people over four
generations.”
Blake’s All Natural Foods has approximately 60 employees based
in Concord, N.H. Licata will continue to lead the Blake’s business
from its headquarters in Concord.
Blake’s is one of the fastest growing natural and organic frozen
food brands. According to IRI data, the natural and organic frozen
single-serve meals category grew by more than 33 percent between
2011 and 2015.
Terms of this all-cash deal were not disclosed. This
transaction has no impact to ConAgra Foods’ previously communicated
debt reduction commitments for fiscal 2015.
About ConAgra FoodsConAgra Foods, Inc., (NYSE: CAG) is
one of North America's largest packaged
food companies with branded and private branded food found in
99 percent of America’s households, as well as a strong
commercial foods business serving restaurants and foodservice
operations globally. Consumers can find recognized brands such
as Banquet®, Chef Boyardee®, Egg Beaters®, Healthy Choice®,
Hebrew National®, Hunt's®, Marie Callender's®,
Orville Redenbacher's®, PAM®, Peter Pan®, Reddi-wip®, Slim
Jim®, Snack Pack® and many other ConAgra Foods brands, along
with food sold by ConAgra Foods under private brand
labels, in grocery, convenience, mass merchandise, club and
drug stores. Additionally, ConAgra Foods supplies frozen
potato and sweet potato products as well as other vegetable, spice,
bakery and grain products to commercial and foodservice
customers. ConAgra Foods operates ReadySetEat.com,
an interactive recipe website that provides consumers with easy
dinner recipes and more. For more information, please visit us
at www.conagrafoods.com.
ConAgra FoodsMedia:Dan Hare, 402-240-5274Sr. Director,
Communication & External
RelationsDaniel.Hare@ConAgraFoods.comorInvestors:Anthony Aguilar,
402-240-4301Manager, Investor
RelationsAnthony.Aguilar@conagrafoods.com
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